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Firesale Of Houses in 2009?

Freddie59 · 2009-01-03 16:56:03

http://www.independent.ie/national-news/new-rules-may-force-firesale-of-70000-houses-1591086.html BUILDERS could be forced to dramatically slash the prices of more than 70,000 new houses that are now lying empty across the country, a leading construction advisor has warned

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03-01-2009 5:56pm

#1

Freddie59

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http://www.independent.ie/national-news/new-rules-may-force-firesale-of-70000-houses-1591086.html

BUILDERS could be forced to dramatically slash the prices of more than 70,000 new houses that are now lying empty across the country, a leading construction advisor has warned

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#2 03-01-2009 6:02pm
johnnyskeleton

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See fishfoodie's posts in this thread to see how that article is nonsense.

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#3 04-01-2009 12:47pm
Freddie59

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johnnyskeleton wrote: »

See fishfoodie's posts in this thread to see how that article is nonsense.

The content appears to be. Much like 'expert' journos commenting on Broadband.:rolleyes: But, as was pointed out in that thread, the big one appears to be the lie about the numbers of unsold units.

That - and not the BER certs - is what may drive a firesale. Given the market conditions, who's going to buy these 30,000 houses they mention - which could turn out to be way cheaper to buy in a few months.

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